Yesterday account gained 10% after hitting TP on USDJPY, I have also opened shorts on EURJPY and AUDNZD. More details below:

AUDNZD

Despite breaking Pin Bar’s high from Monday position is still opened because I secured it above resistance. Now RR is even better so there is still time to open position.

If you are interested in Price Action Strategy description, you can read it here.

AUDNZDDaily-8-3-2016

EURUSD

The pair broke resistance and the sentiment changed after candle closing above it. Now I will wait for bearish correction and if it will reach support area and there will be any buy signal on H4 chart I will open position.

EURUSDDaily-8-3-2016

GBPCAD

First of the GBP pairs which can give sell signal. Price is getting close to resistance, trend is strongly bearish so we can look for a chance to open short position. We have to remember that since July 7th the pair is increasing slowly so we can enter position only on the D1 time frame.

GBPCADDaily-8-3-2016

USDJPY

Take Profit reached yesterday on this pair. Price was decreasing clearly for two sessions and reached support area. This position gave 100% of profit to my account (2% risk, SL 100 pips, TP 500 pips).

YOU CAN START USING PRICE ACTION AND INVEST ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

USDJPYDaily-8-3-2016

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.